Green Fuel Nordic
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Green Fuel Nordic is a Finnish biorefinery company established in 2011 that aims to provide a local alternative to fossil fuels by refining second-generation liquid biofuels using proven technology. The company's mission is to offer a lucrative local alternative to fossil fuels by being a frontrunner in refining biofuels from sustainable forest biomass. Its vision is to be the most successful refiner of local liquid biofuels in its market areas. The company's biofuel production would help Finland meet its renewable energy targets and increase energy independence while reducing emissions.
Green Fuel Nordic
- 1. Case Green Fuel Nordic Timo Saarelainen, CEO
- 2. 2 Business environment for bio-oil business Challenges Europe • Climate change • Political and economical climate • Dependence on fossil fuels • EU 20-20-20 target • Growing population • Increasing energy consumption, oil price and food price Opportunities • Innovative technologies > bio- based solutions > bio-economy Finland Eastern Finland • Ambitious targets for renewable • Availability of competent people energy; RES 38% • Technology partners • Structural change of the traditional • Availability and sufficiency of forest industry sustainable forest-based biomass • Reduced industrial use of wood • Logistical benefits • Need to become more self- sufficient in energy • Growing forests
- 3. 3 Green Fuel Nordic A Finnish biorefinery company established in 2011 Headquarters in Kuopio, in Eastern Finland Our mission We offer a lucrative and local alternative to fossil fuels. We are a frontrunner in the refining of second-generation liquid biofuels. Our vision We are the most successful refiner of local liquid biofuels in our market areas.
- 4. 4 Green Fuel Nordic - The Smart Way The Smart Way Benefits for Finland • Commercial and proven • Helps to reach RES 38% target technology; RTPTM • Self-sufficiency in energy increases • 2nd generation liquid biofuel • New industrial use for growing • Feedstock from the Finnish forests forests • Distributed energy production • New work opportunities • CO2 and sulfur emissions down Investment Applications for RTP Green Fuel One biorefinery: • Step 1: Renewable power and heat • capex investment about 50 MEUR in industry and municipalities • uses about 350 000 solid m3 • Step 2: Marine applications feedstock per year • Step 3: Green, 2nd generation • produces about 90 000 tons of bio- transportation fuels oil per year • Not to exclude other high-value • creates 100 new work applications opportunities (300 during the project phase)
- 5. 5 Future outlook • Up to 20 Green Fuel Nordic biorefineries in Finland – Availability of feedstock – New applications for bio-oil • Opportunities outside Finland – Russia – Other Nordic countries